Company/Division name | Samsung Electronics America |
Parent company | Samsung |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 1800 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2021 |
Offshore, work was done: | In-house |
Capital investment ($): | 17,000 |
Country(ies) from which reshored: | Korea, Republic of |
City reshored to: | Austin |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | Chip plant, semiconductor |
What domestic positive factors made reshoring more attractive? | Government Incentives, Joe Biden |
Government Incentive dollar amount: | $52 billion |